Real-time payments are here, make and receive payments quicker and easier than ever.To ensure our customers get the most out of their banking experience with us, we have implemented the New Payments Platform (NPP), an industry initiative in Australia to provide faster and easier payments across participating institutions. Using a PayID you can send and receive instant payments between Qudos Bank and other participating institutions. If an external institution is enabled for NPP then you can also receive instant payments via BSB and account number. |
Payments in a flash
Any payments you make using a PayID, excluding scheduled, BPAY and international payments, will be sent in real-time, meaning funds will be available in as little as 60 seconds to the recipient. Real-time payments will be available 24/7 so you no longer have to wait 1-2 days for your funds to appear. |
Safer payments
We continue to invest heavily in security measures to help protect your accounts, personal information and transactions, however we encourage additional care when setting up payees and making payments, as most payments will take place in real-time and may not be reversible. |
Simplifying payments
If you need to receive a payment, you now have two options – continue to give out your BSB and account number or, if you find that difficult to remember, you can set up and use a PayID, the choice is yours. |